THE Certificate of Entitlement (COE) premium for big cars jumped past the S$105,000 mark, while mainstream cars saw a slight drop in May’s first round of bidding.
The price for Category B rose 2.9 per cent or S$3,001 to S$105,002.
Category B is the category for larger, more powerful cars with engines of more than 1,600 cubic centimetres (cc) in capacity or which have more than 97 kilowatts (kW), or for electric vehicles (EVs) with more than 110 kW.
This marks the category’s fourth consecutive rise since the first round of bidding in March, when it was S$96,010.
The price for Category A dipped 0.4 per cent or S$406 to S$93,604.
The Category A COE applies to mainstream cars that have engines of up to 1,600 cc in capacity or with up to 97 kW of power, or for EVs with up to 110 kW of power.
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Category E, the open category, increased by 1.4 per cent or S$1,440 to S$104,689.
A Category E certificate can be used to register any type of vehicle except for motorcycles, but is typically used to register Category B cars, which are almost always the most expensive type of COE.
Its behaviour has mirrored Category B closely, with this increase being its fifth consecutive rise since February’s second round of bidding, at S$94,006.
Premiums for commercial vehicles and buses, under Category C, climbed 2.2 per cent or S$1,499 to S$70,001.
Category D, which is used for motorcycles, saw the largest drop in this round of bidding. The premium fell 4.9 per cent or S$487 to S$9,503.
Last month, the Land Transport Authority announced that the overall COE quota for the period May to July had increased by 2.7 per cent to 15,104.
The quota for Category A increased 3 per cent to 5,775, while Category B rose by 1.3 per cent to 3,944.
